Tuesday, January 31, 2023
Compiled by Chris Devonshire-Ellis
China is showing strong signs of an economic rebound amidst pent-up demand at home and abroad, we examine the trends in several articles that all point to the same direction: growth. Arguably the news with the greater long-term global impact is the connection of Russian and Iranian banking networks as countries look for SWIFT alternatives.
Central Asian trade continues to be robust, while we look at increasing ties between Pakistan and Russia, and China with Turkiye. We have important tax updates in the UAE as compliance is pending with June 1st deadline for a new tax regime. Finally, we look at the Russian Far East, bordering China, where foreign direct investment increased by 23% in 2022.
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CHINA
Travel and Consumption Recover Over the 2023 Chinese New Year Period
New consumer trends emerge amidst a China recovery.
China Import and Export Licensing Management in 2023: List of Goods Impacted
Valuable data for all China import-export businesses home and abroad.
Prospects for European Companies in China in 2023
European investment in China skyrocketed in 2022. We look at what 2023 holds.
China Now Worlds Third Largest Auto Exporter
China has overtaken the United States in auto exports and may soon overtake Germany.
CENTRAL ASIA
Kazakhstan Eyes Increased 2023 Foreign Direct Investment Worth US$25 Billion
Kazakhstan’s position on the Euro-China Middle Corridor makes it a Central Asian FDI hotspot.
Uzbekistan-Tajikistan 2022 Trade Up 11.3%
Uzbekistan and Tajikistan continue to place a high premium on the growth of bilateral trade and economic cooperation.
PAKISTAN
Pakistan-Russia Trade & Investment Relations
A lot of work is to be done as Foreign Ministers meet in Moscow.
MIDDLE EAST
Iran and Russia Connect Financial Payment Systems
The move is the first bilateral step for a growing trend of bypassing the US-controlled SWIFT banking network.
Updates on the UAE’s New 9% Corporate Income Tax Charges and Applicability
Corporate updates and allowances – important compliance issues as June 1st approaches.
TURKIYE
China’s 2023 Trade and Investment with Turkiye: Development Trends
China is a leading Asian foreign investor in Turkiye. As of 2022, China had 1148 registered businesses in Turkiye with a total investment of just over US$1 billion.
RUSSIA
2023 Investment Trends & Incentives In The Russian Far East
Bordering China, foreign investment in Russia’s Far East increased by 23% in 2022.
Investors From ‘Friendly Countries’ To Have Easier Access To Russian Markets and Investment Capital
Tax incentives and market opportunities for Russia’s allies.
About Us
Dezan Shira & Associates provide business intelligence, market research, legal, tax and compliance issues for foreign investors throughout Asia, and have 28 offices across the region. We are members of the Leading Edge Alliance, a network of related firms with offices throughout the world. For assistance with Belt & Road Initiative research, please contact us at silkroad@dezshira.com or visit us at www.dezshira.com. To subscribe to our Belt & Road Initiative portal, please click here.